Energy Markets
Baltic index hits near one-month low as rates drop for all sections
The Baltic Exchange's primary sea freight index dropped to a onemonth short on Tuesday, dragged down by weakness across all vessel sections. * The overall index, which factors in rates for supramax, capesize and panamax shipping vessels, fell by 134 points, or 6.3%, to 1,989 points, its lowest level considering that Feb. 27. * The capesize index lost 331 points, or 10.1%, at 2,964, down for the sixth straight session. * Average day-to-day incomes for capesize vessels, which normally carries 150,000-ton cargoes such as iron ore and coal, reduced by $2,745 to $24,580. * Iron ore futures rates fell, amidst...